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Hi,
i am after some advice really. I started studying ACCA under old syllabus back in 2007. I passed 12 exams, luckily all first time apart from one re-sit. Then i went for P5 and this is where it all went wrong. I sat it 3 times and failed. Then after lots of considerations back in 2015 i decided to stop studying.
My question now is, even though i am not qualified but only have 2 papers left, i have nothing to show for it. No letters to use after name, no certificates etc. As ACCA doesn’t recognise part-qualified status, it now seems that all the hard work studying while working and having young kids etc seems to have gone out of the window.
I did look into perhaps converting my papers into different qualification but i am not having much luck. Speaking to ACCA for advice didn’t help either.
Are you/have you been in similar situation? Any thoughts would be much appreciated.
Thank you
MartinaI believe you can become a member of the Institute of Financial Accountants without further exams if you have passed F1-F9:
https://www.ifa.org.uk/learning/partqualified
I’m not sure how widely known this qualification is though, and whether having it would help you get a job.
Even if you don’t have a qualification, you still have the knowledge you gained during your studies, and employers WILL recognise part qualified status even if ACCA do not.
Why not try to continue your studies though – have you exceeded 7 years since you passed you first P paper?
Thanks, Chris! That’s interesting. It’s something I can look into while studying for the P papers at the same time.
Thanks Chris for your reply, i have just found it now! I have not heard of that Institute but will look into it, thanks again.
Martina
Hi Martina,
CPA Ireland will grant full exemptions for all equivalent papers and have similar options papers. Their exam method for these final papers are very forward-thinking, innovative, and progressive, they use open-book for final exams, however you are expected to learn and understand the topics inside out because the exams are purely application and competency based in which you get marks for. I prefer it this way as it reflects practical learning method – I want to look at it this way, “imagine you are like the practicing accountant…a client walks into your office, you listen to the issues they have, and using your own expertise and referring to the books on the shelf behind you, you develop a plan for this client.” – (credit to studyonline)
CPA Ireland is highly reputable and widely recognised. They have very high standards as well and comparable to ACCA and other CPA bodies abroad i.e. Australia and Canada.
The IFA, as suggested above, are also very good as an organisation. They do have to work on their brand recognition though. They are also part of the IPA group Australia.
Ed
Hi Martina,
Hope you’re doing well.
Why don’t you try to finish your studies? After all, you’ve got only two ACCA exam papers left. In your case, as of now, you wouldn’t have any diplomas/certificates from ACCA, or be able to use those few coveted letters after your name, obviously. But, for you, since there’s only two more papers to go, so after this you’ll be able to become an ‘affiliate’. Why not persist with your efforts?
(Also, it’s been quite some time since this was posted, so, have you completed the other two papers that you had yet to complete by now?)
Best of luck! 😀
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